Barnes & Noble Education Inc (BNED) released its fourth quarter results on Wednesday, June 30, 2021. The company reported net earnings of $-0.86 per share for the fourth quarter ending April 30, 2021. Earnings for this past quarter declined 3 percent compared to the same period a year ago.
Barnes & Noble Education, Inc. was founded in 1965 and is headquartered in Basking Ridge, New Jersey. Barnes & Noble Education, Inc. operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates in three segments: Retail, Wholesale, and Digital Student Solutions.
Barnes & Noble Education's revenue decreased 23 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins decreased to 16.71% for the fourth quarter compared to the same period in the previous year, and operating margins decreased to 26.96% over the same period. Net earnings for past trailing twelve months were $-131.79 million, down 245% from the prior year.
Moving on to the balance sheet, Barnes & Noble Education's cash levels dropped 3% for the fourth quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 6.64% this past year. The current ratio for Barnes & Noble Education now stands at 1.34. The company increased shares outstanding by 6.38%.
Shares of BNED are currently trading around $7.21. In terms of valuation, the stock is trading at a price to book ratio of 1.23.